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In the Asian session, the Australian, New Zealand and Chinese currencies all showed slight movement. With a lack of fundamental events, any further activity on Tuesday would be due to technical moves.
The Non-Farm Employment Change is expected to show the economy gained 191K jobs in July, down from 213K in June. The Unemployment Rate is expected to drop to 3.9% from 4.0% and Average Hourly ...
The Australian and New Zealand Dollars could rise next week if safe-haven buyers continue to liquidate long U.S. Dollar positions.
Unlike the U.S., Australian inflation just recently moved to 2.1%, putting it inside the RBA’s target band of 2-3% for the first time in six years.
The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
As of February 2023, NZX had a total of 338 listed securities, equity, debt and funds with a combined market capitalisation of NZD $226 billion. [30] New Zealand's currency, the New Zealand dollar, also circulates in four Pacific Island territories. The New Zealand dollar is the 10th-most traded currency in the world. [31]
The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia.
The Aussie and Kiwi were under pressure all session on Thursday. Both currencies were pressured early by renewed tensions over U.S.-China trade negotiations and weaker-than-expected Chinese ...